Holmarcom confirms talks with BNP over BMCI

Holmarcom Finance Company said it is "in exclusive talks with BNP Paribas over a potential acquisition of the French bank’s 67% stake in BMCI." Holmarcom has been a shareholder of the Moroccan lender for 30 years, while AtlantaSanad recently raised its holding to 8.44%. BNP Paribas issued the same confirmation in France.

If the deal goes through, Holmarcom would control more than 75% of BMCI.

The information was first revealed on Thursday, December 11, by Médias24.

The group’s finance division "has in recent years pursued a structured growth strategy focused on sustainable and long‑term development, with the aim of supporting the ongoing evolution of the Kingdom’s financial sector," the statement said.

"These discussions are at a preliminary stage. We will communicate in due course if this project materializes, in accordance with current regulations," the statement concluded.

Here are the full texts of the two press releases issued this Friday morning.

Holmarcom Finance Company:

"Information has been circulating in the market about discussions regarding an acquisition by the Holmarcom Group of BNP Paribas’ stake in BMCI.

"Holmarcom Finance Company confirms that it is in exclusive discussions with BNP Paribas with a view to acquiring its 67% stake in BMCI, in which the Holmarcom Group has been a shareholder for 30 years.

"Indeed, in recent years the Group’s finance division has pursued a structured growth strategy focused on sustainable and long‑term development, with the aim of supporting the ongoing evolution of the Kingdom’s financial sector.

"These discussions are at a preliminary stage. We will provide further communication in due course should this project materialize, in accordance with current regulations."

BNP Paribas:

"Exclusive discussions with Holmarcom for the sale of BMCI in Morocco

BNP Paribas confirms that it is in exclusive discussions with the Holmarcom Group, a partner and shareholder of BMCI for 30 years, regarding the potential sale of its 67% stake in its Moroccan subsidiary, BMCI.

"These discussions are at a preliminary stage. BNP Paribas will provide further communication in due course should a project materialize, in accordance with applicable regulations.

"If the transaction were to be completed in 2026, the positive impact on BNP Paribas’ CET1 ratio upon completion would be approximately +15 bps."